Buy-to-Let Property Tax Handbook
Mark McLaughlin
Buy-to-Let Property Tax Handbook
Buy-to-Let Property Tax Handbook is a single source for tax practitioners, accountants and others who advise clients and need to be aware of the tax aspects of running a residential buy-to-let property business, as well as the main non-tax considerations.
This handbook highlights key issues, tax planning opportunities and pitfalls for the unwary, and includes numerous worked examples and case studies, as well as references throughout to legislation and HMRC guidance.
With contributions from a wealth of property tax specialists, this book is an invaluable resource for accountants and tax practitioners who have landlords as clients and is also ideal for property investors themselves.
This edition has been updated in line with Finance Act 2024, relevant new case decisions and revised HMRC guidance. Among the key developments covered are the following:
- Abolition of Furnished Holiday Accommodation and likely implications for properties affected 6.A1
- Developments in the Cash Basis 2.13
- Correcting HMRC’s corrective on claims for repairs and keeping pace with modern technology 2.39
- Money Laundering and property investment – further developments following Brexit, new obligations to Companies House and under consideration in the Renters Reform Bill Appendix Money-laundering and property investment
New cases discussed include:
- Erridge v HMRC [2024] UKFTT 00276 (TC)1.34
- Drake v HMRC [2022] UKFTT 25 (TC)1.28
- Balnakeil v HMRC [2021] UKFTT 0193 (TC) TC08143 5.12
- Davies & Ors [2022] UKFTT 369 (TC)2.52
- Hart St Maltings Ltd v HMRC [2023] UKFTT 860 (TC)2.9
- James Keighley and another v HMRC [2024] UKFTT 30 (TC)2.54